Former creditor records

amstel2

Hello

I had an IVA & then went bankrupt when the IVA failed. The IVA is due to to fall off my CRA files this month & the discharged bankruptcy in March.

All the credit agreements I had in the bankruptcy have defaults or satisfied entries against them with dates that reach the 6 year point between now & March. I will be monitoring the 3 agencies to see that everything comes off as it should. However, I was wondering how long my old creditors can hold information about me on their records. Will they have to delete me from their records after 6 years or will i have to make them.

I did pose this question to Information Commisioner & true to form i recd a non-commital rambiling reply that's as clear as a foggy night. So i was wondering if anyone out their has any ideas.

My own view is that surely they have no right to have info/data on me after 6 years am i right?

Thanks

forgotmyname

They should only hold data for as long as necessary, If you had a good account and closed it then 6 years should be plenty.

But as you owed them money and never paid. They could say its necessary for them to hold your details for as long as they need to avoid you getting another account with them.

I had issues some time back, Capital one credit card were one who failed to help me. So i told them where to go. Refused to pay them anything.
8 years later they have sent me a CC application saying that they know its hard to rebuild your credit file and they want to offer me a deal only 34.9% interest.

So they still have my details on file after 8 years.

Thrugelmir

Lenders are within their rights to blacklist you. They'll hold no data.

amstel2

I thought their was no such thing as blacklists & that they are illegal.

I was thinking after the BR & defaults drop off i would apply for a mainsteram cc with a zero rate. I have re-built my cr history via the sensible use of Vanquis & Aqua cr cards. However, it would seem that it would be best to avoid applying for cards supp by old creditors or providers associated with them.

Although i have seen several posts from people getting cr cards etc from former creditors even before the bad stuff has come off their files. I also think it might be better using providers who do "soft searches first".

Thanks

Thrugelmir

amstel2 wrote: »

I thought their was no such thing as blacklists & that they are illegal.

Business is based on trust. Break that bond and there's no relationship. More so with financial transactions than general commerce. No lender has to offer you any kind of credit facility if they have no wish to do so.